As Americans, taxes are one of our biggest expenses; even more than housing, food, and clothing combined. Taxes are overpaid by about a billion dollars every year. Toby Mathis and Jeff Webb of Anderson Advisors save you money by answering your tax questions. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics:

How many stock option trades must you make in a year to be considered a professional trader by the IRS? Activity has to be regular and frequent

Is TurboTax comparable to using a certified public accountant (CPA)? No, because tax-based computer systems don’t ask the right questions

How many rental properties should I own before creating a C Corp? It’s not about how many properties, but how much you’re making/earning